Digital asset investment funds recorded impressive inflows, reaching a record management level of 244 billion USD.
A recent report from CoinShares indicates that last week, capital inflow into cryptocurrency investment products reached 3.75 billion USD, with Ethereum leading and accounting for a large portion of the inflow. The United States continues to be the largest market attracting significant capital flows, accounting for 99% of the total.
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Last week, the capital inflow into digital asset funds reached 3.75 billion USD.
Ethereum received 2.87 billion USD, accounting for 77% of the total capital inflow and far exceeded Bitcoin.
The United States dominates 99% of the investment capital flow into digital assets.
Where does the investment flow into digital assets come from and what is its scale?
The latest weekly report from CoinShares indicates that net inflow into digital asset investment products reached 3.75 billion USD, bringing total assets under management to a record 244 billion USD. This is a positive sign reflecting the growing interest of investors in the cryptocurrency market in general.
Notably, the trend of capital inflow is primarily concentrated in the US market, accounting for 99% of the total capital inflow. This indicates a high priority of US investors towards digital asset products, driving strong growth in the industry.
How did Ethereum and Bitcoin attract investment in this round?
Ethereum led with 2.87 billion USD in new capital inflow, accounting for 77% of the total investment in the week, bringing the total accumulated inflow since the beginning of the year to 11 billion USD. This figure completely eclipses Bitcoin, even though this largest cryptocurrency in the world still received capital inflow of 552 million USD in the same period.
Ethereum's superiority shows that investors place great trust in the growth potential and application of the Ethereum platform, especially in the context of rapidly expanding DeFi and NFT technologies within this ecosystem.
Ethereum continues to demonstrate its leading position in digital asset investment flows, proving its long-term potential and superior appeal compared to other competitors.
CoinShares, Weekly Report, August 2024
Do other cryptocurrencies benefit from the capital inflow?
Not only Ethereum and Bitcoin, but some coins like Solana and XRP also reported positive capital flows of 177 million USD and 126 million USD respectively in the past week. However, some coins like Litecoin and TON witnessed net outflows of 400,000 USD and 1 million USD.
This reflects a clear divergence in investment priorities, based on factors such as technology, development community, and the future direction of each cryptocurrency project.
Why does the United States dominate the investment capital flow in the digital asset market?
The United States is the global financial center with a diverse and extensive investment ecosystem, creating a favorable environment to attract capital flows for new investment products such as digital assets. Furthermore, the legal framework in the United States is developing, gradually becoming clearer, helping investors feel more secure when investing.
This factor contributes to the increase in capital inflow into domestic digital asset investment funds, helping the United States maintain its leading position in capital flow compared to other regions worldwide.
Frequently Asked Questions
How large is the current investment flow into digital assets?
Last week, the inflow into cryptocurrency investment products reached 3.75 billion USD, bringing total assets under management to a record 244 billion USD, according to a report by CoinShares.
Are Ethereum and Bitcoin the top choices for investors?
Ethereum attracted 2.87 billion USD, accounting for 77% of the total investment flow, far exceeding Bitcoin's 552 million USD in the past week.
Why is the United States leading in digital asset investment capital flow?
The United States has a developed financial ecosystem and a clear legal framework that attracts 99% of the total investment flows in this sector.
What is the capital inflow data for other coins like Solana and XRP?
Solana and XRP recorded 177 million USD and 126 million USD in new capital inflow in the week, showing the diverse interests of investors.
Is there any cryptocurrency that has experienced capital outflow?
Litecoin and TON experienced net outflows of 400,000 USD and 1 million USD respectively, reflecting a divergence in investment choices.
Source: https://tintucbitcoin.com/coinshares-dong-von-rong-375-ty-usd/
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